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HypoVereinsbank, the Munich-based bank in the process of being acquired by Italy's UniCredit, has appointed temporary successors to former executive board members Stefan Jentzsch and Christine Licci, who resigned last weekend.

HVB chief executive Dieter Rampl will replace Jentzsch as head of investment banking and Johann Berger, head of corporate banking and real estate, will take on Licci's responsibility for retail business and private banking.

Following completion of the acquisition, Rampl will become chairman of UniCredit, while Berger is considered favourite to head the combined group's real estate business.

A spokeswoman for HVB said the appointments were a temporary measure demanded by German company law, which requires that each of a bank's business divisions has a director who carries legal responsibility for its activities.